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Czech Stocks: CEZ Utility, Erste Group Bank Are Active in Prague

May 7 (Bloomberg) -- The Czech PX stock index fell for a fourth day, sliding 0.3 percent to 916.1 at its close in Prague.

The following were among the most active equities in the Czech market today. Stock symbols follow company names.

CEZ AS (CEZ CP), the country’s biggest power producer, slid 0.7 percent to 720.1 koruna, the lowest close since Nov. 29. Electricity for next-year delivery in Germany, where the company exports part of its output, declined 0.2 percent to 49.6 euros per megawatt-hour, the weakest since December 2010.

Erste Group Bank AG (RBAG CP) of Austria lost as much as 3.3 percent to 405.8 koruna after voters in France and Greece rejected fiscal austerity, raising concern the euro area’s debt crisis won’t be contained.

European stocks reversed earlier decline after a German report showed factory orders in the region’s largest economy rose more than expected. Erste closed up 0.1 percent to 420 koruna.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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